NEPSE closes near flat at 2,655.22 as breadth ratio jumps to 1.6 and the technical regime shifts to down-trending low-volatility.
Executive Summary
The benchmark ^NEPSE closed at 2,655.22, a change of 2.64 or +0.09% from the prior close of 2,652.58. The headline move was effectively flat, but the session carried two substantive shifts beneath the surface: the advance-decline ratio moved to 1.6 from 0.35, and the technical regime classification changed from up-trending low-volatility to down-trending low-volatility.
Turnover continued to run below its recent norm, at -51.8 versus the median of the trailing 10 sessions. The index-level calm therefore sits alongside a weaker volume backdrop and a more cautious technical reading.
Markets Today
The ^NEPSE settled at 2,655.22, against a previous close of 2,652.58. The net change was 2.64, equivalent to +0.09%. The index-level result was flat, and the session's information content lies in breadth and technical classification rather than in the headline level.
Market Breadth
The advance-decline ratio stood at 1.6, compared with 0.35 in the prior session, a change of 357.1. The ratio is above one, indicating that advancers outnumbered decliners on the day.
The session recorded 194 advancers, 121 decliners and 21 unchanged scripts. 0 scripts closed at the positive circuit limit and 0 at the negative circuit limit. New fifty-two-week highs numbered 1, against 3 new lows.
Sector Performance
Non-Convertible Debenture was the strongest sector by median change, at +1.65%, with a breadth reading of 10/3. Non-Convertible Debenture recorded a median change of +1.65%.
Others was the weakest sector, with a median change of -0.33% and a breadth reading of 3/6. Others recorded a median change of -0.33%.
Top Movers
CREST led the gainers with a change of +14.08%. GCIL was the weakest issue, at -4.43%. GCIL recorded the highest turnover of the session.
Among individual streaks, CREST extended a down run to 4 sessions and CKHL a down run to 4 sessions. BENH extended a up run to 3 sessions.
Turnover
Turnover for the session was Rs 3.46 Arba, across 33,215 transactions and 10,713,842 shares in 336 traded scripts. Turnover was -51.8 relative to the median of the trailing 10 sessions, a falling state for activity.
Technical Picture
The technical regime classification changed from up-trending low-volatility to down-trending low-volatility. The trend reading is now down, while volatility remains in the low band. This is a change in classification rather than a statement about future direction, and it warrants attention from holders given the shift away from the prior up-trending label.
Key Observations
The index change of +0.09% was flat, yet breadth improved sharply to 1.6 from 0.35. The technical regime moved to down-trending low-volatility, and turnover ran -51.8 against its trailing median. The combination of a flat index, positive breadth and a weaker technical classification calls for caution rather than conviction for holders.
Technical snapshot & sector sentiment
The NEPSE index closed at 2,655.22 (+0.09%). On the latest completed session, RSI(14) read 55.3 (neutral) and the index sat above its 50-session average by 1.68%. Our regime classifier reads down-trending, low volatility. The composite sentiment gauge is Greed at 62/100. Our latest ratings (2026-11-05) put 90 counters bullish against 124 bearish.
| Sector | Median | Adv / Dec | Our read |
|---|---|---|---|
| Non-Convertible Debenture | +1.65% | 10 / 3 | — |
| Mutual Fund | +0.41% | 26 / 9 | — |
| Development Banks | +0.37% | 11 / 5 | Bullish (6 up, 9 down) |
| Manufacturing And Processing | +0.25% | 11 / 5 | Neutral (5 up, 7 down) |
| Hydro Power | +0.21% | 62 / 44 | Bullish (34 up, 38 down) |
| Non Life Insurance | +0.11% | 8 / 6 | Bearish (0 up, 12 down) |
| Microfinance | +0.11% | 28 / 16 | Bearish (13 up, 26 down) |
| Life Insurance | +0.11% | 8 / 6 | Bullish (5 up, 6 down) |
| Investment | +0.10% | 4 / 2 | Bearish (0 up, 6 down) |
| Hotels And Tourism | +0.08% | 4 / 4 | Neutral (3 up, 4 down) |
| Finance | +0.05% | 9 / 5 | Bearish (1 up, 10 down) |
| Commercial Banks | -0.03% | 8 / 10 | Bullish (18 up, 1 down) |
| Others | -0.33% | 3 / 6 | Bullish (4 up, 5 down) |
“Our read” rolls up our stored technical verdicts for each sector's constituents (a documented heuristic, not advice).
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